Even as Venezuela’s economic collapse deepens, the nation has a good chance of getting through another year without defaulting on its bonds, Bloomberg News reported yesterday. That’s the conclusion of money managers including Aberdeen Asset Management and Wall Street banks like JPMorgan Chase & Co. The cash-strapped country has been on default watch for the past two years as oil prices remain depressed, its economy implodes and political turmoil worsens amid an effort to recall the president. Yet Venezuela has managed to scrounge up enough money to honor billions in debt payments, and this year appears to be no different. Petroleos de Venezuela SA, the struggling state oil producer, has $4.1 billion of debt payments to make before year-end.
